Krypton Evening News | Meituan's Green Mountain Project joins hands with millions of public welfare merchants to protect the Zhanjiang Mangrove Forest; Alibaba Cloud's open-source code model Qwen2.5-Coder
Big Companies:
36Kr learned that the Aiqicha App shows that recently, Guangdong TCL Smart Appliance Co., Ltd. and its major shareholder, TCL Appliance Group Co., Ltd., have undergone business registration changes. Hu Dianqian stepped down as the legal representative and chairman, and Peng Pan succeeded him. Guangdong TCL Smart Appliance Co., Ltd. was established in November 2002 with a registered capital of approximately 1.08 billion yuan. It is jointly held by TCL Appliance Group Co., Ltd., Wuhan Zhuxin Ruikang Technology Co., Ltd., Hong Kong Securities Clearing Company Limited, etc. TCL Appliance Group Co., Ltd. was established in December 2007 with a registered capital of 3.036 billion yuan and is wholly owned by TCL Industrial Holdings Co., Ltd.
Michael Levie, Co-founder of CitizenM Hotels, Appointed as Rotating President of CHTA
36Kr learned that recently, the China Hospitality and Travel Innovation Alliance (CHTA) held the "Future Traveler 2024" Global Conference in Shenzhen. At the conference, Michael Levie, the co-founder of CitizenM Hotels, was appointed as the rotating president of CHTA. It is introduced that Michael Levie will assist in leading the innovative development of CHTA and is committed to promoting technological innovation and cooperation between the East and the West in the industry.
36Kr learned that recently, Meituan's "Green Mountain Public Welfare Nature Conservation Action" set out again. Ecological volunteers composed of representatives of Green Mountain public welfare merchants entered the Zhanjiang Mangrove Wetland Protected Area to experience ecological restoration work and visit the environmental protection achievements of the Green Mountain Public Welfare in the field. It is understood that the "Green Mountain Public Welfare Special Fund" established by the China Environmental Protection Foundation and Meituan's Green Mountain Project has driven more than one million public welfare merchants on the platform to raise public welfare funds for environmental protection public welfare projects in a "small amount, massive, and stable" manner.
Alibaba Cloud Opens Source Code Model Qwen2.5-Coder
36Kr learned that the Alibaba Cloud Tongyi Model team has open-sourced the entire series of Tongyi Qianwen code models, including a total of 6 Qwen2.5-Coder models. It is introduced that the newly released flagship model, Qwen2.5-Coder-32B-Instruct, has refreshed the score records of open-source models on more than ten mainstream code generation benchmarks such as EvalPlus, and outperforms GPT-4o on 9 benchmarks such as Aider, which examines code repair capabilities, and McEval, which examines multi-programming language capabilities, achieving the overtaking of closed-source models by open-source models.
XPeng HT's split-body flying car, the "Land Aircraft Carrier" aircraft, demonstrated four flight subjects, including low-altitude linear acceleration, spiral ascent, uniform descent, and precise landing, at the Zhuhai Lianzhou Airport. The entire flight was conducted using autonomous driving. According to XPeng HT, this is the world's first public flight of the "Land Aircraft Carrier". Currently, the XPeng HT Flying Car Manufacturing Base is under construction. This is the world's first flying car factory that uses a modern assembly line for large-scale mass production. It will be used to produce the aircraft part of the split-body flying car "Land Aircraft Carrier", with a planned annual production capacity of 10,000 units. The construction is planned to be completed in the third quarter of next year, and the flying car will be mass-produced and delivered in 2026. (Caixin)
36Kr learned that according to Cainiao's official WeChat account, recently, Cainiao Group and COMAC Shanghai Aircraft Customer Service Co., Ltd. signed a cooperation framework agreement in Hong Kong. According to the agreement, Cainiao will provide aviation materials warehousing and logistics services for the COMAC Customer Service Company in the Hong Kong and Southeast Asian markets. It will leverage Cainiao's own advantages in warehousing facilities in Hong Kong and other places to promote cooperation between the two parties in engine, landing gear, and other aviation materials warehouse leasing businesses. With the good foundation of the previous business cooperation, the cooperation in product delivery speed, inbound and outbound efficiency, and other aspects will be deepened. In addition, Cainiao will also leverage its own advantages in international logistics to carry out cooperation with the COMAC Customer Service Company in areas including aviation materials logistics, aviation materials customs clearance, AOG aviation materials support, and jointly establishing an aviation materials logistics network.
Nezha Auto's September Sales in Thailand Increase by 129% Month-on-Month
36Kr learned that recently, the Federation of Thai Industries (FTI) announced the sales of electric vehicles in Thailand in September. Looking at the top 10 brand list, except for Tesla, Kia, and BMW, the other 7 seats are all Chinese brands. Among them, Nezha Auto's sales increased by 129% month-on-month. From January to September, the sales of electric vehicles in Thailand were 54,373 units, an increase of 8% compared to the same period last year. Among the TOP20 vehicle models from January to September, 17 models are from China. It is also understood that in October, Nezha Auto ranked second in the number of new energy passenger vehicles registered in Thailand, with a month-on-month increase of 55%.
Investment and Financing:
Adults International: Completes Investment in Shangzhou Group and Holds 51% of Its Equity
36Kr learned that Adults International officially announced that it has successfully completed the investment in Shangzhou Group (formerly Hualian Times (Shenzhen) Technology Co., Ltd.) and holds 51% of its equity. After the completion of this investment, the two sides will take resource integration as the core strategic means to accelerate the overall development process of the enterprise, jointly commit to enhancing the comprehensive competitiveness in the market, and work together to build a more complete and diverse industrial ecological layout.
Adults International: Completes Investment in Shangzhou Group and Holds 51% of Its Equity
36Kr learned that Adults International officially announced that it has successfully completed the investment in Shangzhou Group (formerly Hualian Times (Shenzhen) Technology Co., Ltd.) and holds 51% of its equity. After the completion of this investment, the two sides will take resource integration as the core strategic means to accelerate the overall development process of the enterprise, jointly commit to enhancing the comprehensive competitiveness in the market, and work together to build a more complete and diverse industrial ecological layout.
New Products:
36Kr learned that recently, Renhezhi Intelligent Technology announced the official release of the AI digital and intelligent precision healing platform "Xinlongmao". "Xinlongmao" is equipped with an intelligent sleep aid system and a variety of intelligent hardware, including an intelligent EEG headband, a sleep aid device, and a comfortable sleep pad.
Dingdong Maicai Tests Unmanned Vehicle Delivery in Hangzhou
Learned from Dingdong Maicai, Dingdong Maicai has conducted a small-scale test of unmanned vehicle delivery in Hangzhou. The relevant person in charge of Dingdong Maicai said that the unmanned vehicle test is mainly in the "last mile" delivery and the distribution between Dingdong's front warehouses. It is still in the early stage of testing and has not been put into large-scale use for the time being. (Beijing Business Today)
36Kr learned that at the Baidu World 2024 Conference. Baidu released Mida, which can realize any idea without writing code. Baidu CEO Robin Li introduced that the three characteristics of Mida are no-code programming, multi-agent collaboration, and multi-tool invocation. "We will enter an unprecedented era where making money just by ideas is possible", enabling everyone to have the ability of a programmer. At the same time, Baidu released the "Free Canvas" jointly developed by Baidu Wenku and Baidu Netdisk. It is introduced that the Free Canvas is an all-purpose whiteboard empowered by the Wenxin Multimodal Large Model, which can help users complete all tasks from finding materials to editing, generating, and sharing.
Today's Views:
Tianfeng International analyst Kuo Ming-chi said that Apple will enter the smart home IP camera (Internet Protocol Camera) market for the first time, with planned mass production in 2026, and the target annual shipment volume will reach tens of millions. Kuo Ming-chi said that Goertek has obtained the NPI (New Product Introduction) and will become the exclusive assembly supplier of this product. (China Business News)
Other News Worth Noting:
The Federal Reserve Cuts Interest Rates Again, and Banks Follow to Lower US Dollar Deposit Rates
In the early morning of November 8 Beijing time, the Federal Reserve announced a 25 basis point interest rate cut. On November 12, a visit to several bank branches in Beijing found that some banks have followed to lower the US dollar deposit rate. Several other banks said that they are expected to follow suit and adjust soon. "Our bank has lowered the US dollar deposit rate last week. The 1-year US dollar deposit rate with a minimum deposit of 5,000 US dollars has been reduced from 4% to 3.8%. The 3-month and 6-month US dollar deposit rates remain unchanged at 4% for the time being," said the customer manager of Beijing Bank Taoranting Road Branch. The customer managers of Jiangsu Bank and Hang Seng Bank both said that although their banks have not yet lowered the US dollar deposit rate, it is expected that adjustments will be made soon. (China Securities Journal)
Hong Kong Will Promote Cross-Border Low-Altitude Flight Activities in the Greater Bay Area
The new Hong Kong policy address announced the establishment of the "Low-altitude Economy Development Working Group". Today (November 12), the Deputy Financial Secretary of the Hong Kong Special Administrative Region Government, Wong Wai-lun, chaired the first meeting of the working group as the group leader. At the meeting, the working group discussed the overall development strategy and work plan for the low-altitude economy in Hong Kong. The relevant work directions are as follows: 1. The SAR government will cooperate with the industry and partner institutions to launch the "Regulatory Sandbox" pilot project in stages starting from the beginning of next year. It is expected that the first stage will mainly focus on unmanned aircraft delivery and relax the "Beyond Visual Line of Sight Flight" to gradually expand and enrich the application scope of low-altitude flights. 2. The SAR government will update the current civil aviation-related laws and regulations by referring to the laws and standards of the mainland and other regions, fully considering the current needs and long-term development, including studying the regulatory system applicable to larger unmanned aircraft (i.e., unmanned aircraft weighing more than 25 kilograms). The goal is to submit it to the Hong Kong SAR Legislative Council for deliberation in the first half of next year. 3. The SAR government will conduct technical research and planning on low-altitude infrastructure, including takeoff and landing fields, communication networks, airway networks, low-altitude monitoring and management systems, etc. 4. Strengthen the connection with the mainland to promote cross-border low-altitude flight activities in the Greater Bay Area. (Voice of the Greater Bay Area)